CAPGEMINI_REGISTRATION_DOCUMENT_2017
4
FINANCIAL INFORMATION
4.1 Analysis of Capgemini Group 2017 consolidated results
Results by business
Technology & Engineering Services (15% of Group revenues) progressed 4.7% at constant exchange rates. France and Scandinavia carried the momentum this year. The Energy{&{Utilities sector also stood out with double digit growth. The operating margin improved 80{basis points to{13.6%. Application Services revenues (62% of Group revenues) increased 6.6%, with growth of ca.{10% in France, Germany, Italy, Scandinavia and Asia. Strong Digital and Cloud demand continues to drive business activity. Like for the rest of the Group, the Manufacturing and Retail{&{Consumer Goods sectors reported the highest growth. The operating margin rate is 12.9%, up 20{basis points on{2016. Other Managed Services (18% of Group revenues) contracted 6.4% at constant exchange rates. The anticipated decline in the{UK{public sector and in infrastructure services - where the portfolio transition continues to exert pressure - were the primary causes. Business Services (Business Process Outsourcing and platforms) remained generally stable. The operating margin fell 80{basis points year-on-year to{9.2%.
18% Other Managed Services 5% Consulting Services 15% Technology and Engineering Services
62% Application Services
Consulting Services (5% of Group revenues) grew 14% at constant exchange rates, with sustained demand in the main continental European countries. Activity is fueled by the Digital transformation needs of the Group’s clients, notably in the Manufacturing, Financial Services and Retail{&{Consumer Goods sectors. The operating margin stands at 11.2% of revenues, up 50{basis points year-on-year.
Results by business
Revenues (in millions of euros)
2016
2017
Consulting Services
506
584
Technology & Engineering Services
1,873 7,557 2,603
1,927 7,940 2,341
Application Services
Other Managed Services
TOTAL GROUP
12,539
12,792
Operating margin (as a % of revenues)
2016
2017
Consulting Services
10.7% 12.8% 12.7% 10.0%
11.2% 13.6% 12.9%
Technology & Engineering Services
Application Services
Other Managed Services
9.2%
TOTAL GROUP
11.5%
11.7%
The following table presents the utilization rates (on a like-for- like basis) measuring the percentage of work time, excluding vacation, of production employees.
2017
2016
Utilization rate
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Consulting Services
70% 71% 68% 70% 71% 72% 69% 72% 82% 83% 83% 83% 82% 84% 85% 84% 81% 81% 82% 81% 81% 81% 82% 83%
Technology{&{Engineering Services
Application Services
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REGISTRATION DOCUMENT 2017 — CAPGEMINI
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